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Book Hint Print erences Required information The following information applies to the questions displayed below...

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Basic Math

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Book Hint Print erences Required information The following information applies to the questions displayed below At year end December 31 Chan Company estimates its bad debts as 0 40 of its annual credit sales of 957 000 Chan records its bad debts expense for that estimate On the following February 1 Chan decides that the 479 account of P Park is uncollectible and writes it off as a bad debt On June 5 Park unexpectedly pays the amount previously written off Prepare Chan s journal entries to record the transactions of December 31 February 1 and June 5 View transaction list Journal entry worksheet 1 2 3 4 Record the estimated bad debts expense

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